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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,731.10
(
1.34%
)
Post# of 363704
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retiredMM

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retiredMM

Re: None

Sunday, 02/08/2015 2:28:05 PM

Sunday, February 08, 2015 2:28:05 PM

Post# of 363704
My Current View on the Market...

I think we have just seen or are very close to a near term top. I think we will start to go down now (although I am hoping for a gap up Monday so I can enter Puts (and VXX Calls) at better prices). We will get the Pullback to $195-$197 or possibly even $190-$192 (with a real outside chance of $187 if the market really gets spooked somehow). I then think we will start a rally to between $219 - $223 by Q3. I then see us fading as the year comes to an end. I think we hit those SPY highs in the 3rd qtr and then we fade from there.
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